Financial IQ March 29 2018

How to Quit Procrastinating and File Your Taxes

With the beginning of spring, also comes the end of tax season. While most have already completed filing their taxes, we know there are a few of you who are still not ready to think about income taxes. And maybe you’re hoping that it will all just go away…As Benjamin Franklin once wrote, “nothing can be said to be certain, except death and taxes.” Below we’ll explore a few reasons why you may have waited until the last minute to file, and how to battle your fears in order to come out on top this tax season!

Fear of Uncle Sam

We get it—taxes are complicated and scary. One switch of a couple of numbers and you fear the IRS will come banging down your door! Luckily, there are plenty of products out there meant to keep things as simple as possible, with easy to understand language and live agents to help you answer any tough questions. If you’re still nervous about doing it on your own, we recommend going to a professional tax preparer.

You Know You Owe

Unfortunately, there’s no getting around this one. It’s best to just rip the Band-Aid off and file as soon as you can. The longer you wait, the worse it could get. The IRS imposes penalties for late filing, especially if you owe money. If you are unable to pay the dues upfront, installment plans are available. Though it will likely have some fees and interest tacked on, you will be given up to 72 months to pay off the balance.

Kicking the Habit

According to studies, about 20% of people are chronic procrastinators. For those, it may not be the fear of Uncle Sam keeping them from filing, but just their way of life! That being said, the sooner you finish your taxes, the sooner you can get on with the rest of your life. And who knows, you may receive more of a refund than you thought—the average tax refund last year was over $3,000! Procrastination won’t help you get your taxes done and it won’t get you closer to your tax refund. For those who haven’t filed their 2017 income tax yet, we recommend doing so before the April 17th deadline!

Search Results for query

January 25 2017

Mortgage Tip #3 - You should not buy a vehicle

Applying for any new credit, including one used to purchase a vehicle, could result in inquiries on your credit report. This can lower your credit score, which can affect the amount of money you can qualify for....

Read More

January 25 2017

Mortgage Tip #2 - Do Not Co-Sign a Loan

When your loan is being processed, it is best not to co-sign another loan for anyone else. This could cause changes to your credit report, causing a negative effect on the closing of your loan. https://eaglehm-2.wistia.com/medias/uyua34ux7z Still have questions?...

Read More

January 25 2017

Mortgage Tip #1 - Do Not Change Jobs

It is important that the lender knows you are reliable and have a steady income. One way of proving this is to not suddenly change jobs. Since employment verifications happen within five days of closing, it's best not to make any large lifestyle changes...

Read More

January 24 2017

Breaking Down Your FICO Score

Most people are familiar with the FICO score version of the credit score. Scores on the FICO scale range from 300 to 850. However, there isn’t just one credit score range to go by. There are different types of credit scores, and each of them has its own...

Read More

January 20 2017

Tips on Buying in a Tight Market

Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps. Get prequalified for a mortgage. You'll be able to make a firm commitment to buy and make your offer more desirable to the seller. Stay in close...

Read More

January 20 2017

Tips for Finding the Perfect Neighborhood

The neighborhood you choose can have a big impact on your lifestyle, safety, available amenities, and convenience all play their part. Make a list of the activities, movies, health club, church you engage in regularly and stores you visit frequently. See how far...

Read More

January 20 2017

4 Tips to Getting Your Finances in Order

The beginning of a new year is the perfect time to improve your finances, even though it may sound like a dull task. For some, the idea of sorting out their finances isn’t very appealing, but it can help set yourself up for a solid financial...

Read More

January 14 2017

What Is a REALTOR?

A real estate agent is a REALTOR when he or she is a member of the NATIONAL ASSOCIATION OF REALTORS, The Voice for Real Estate -- the world's largest professional association. The term REALTOR is a registered collective membership mark that identifies a real...

Read More

January 14 2017

What Your Home Inspection Should Cover

Siding: Look for dents or buckling Foundations: Look for cracks or water seepage Exterior Brick: Look for cracked bricks or mortar pulling away from bricks Insulation: Look for condition, adequate rating for climate Doors and Windows: Look for loose or tight...

Read More

First1718192021

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?